NEOS Investment Management LLC Buys 103,107 Shares of Honeywell International Inc. $HON

NEOS Investment Management LLC grew its stake in shares of Honeywell International Inc. (NASDAQ:HON) by 57.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 281,827 shares of the conglomerate’s stock after purchasing an additional 103,107 shares during the quarter. NEOS Investment Management LLC’s holdings in Honeywell International were worth $59,325,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC grew its stake in Honeywell International by 23,503.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 3,716,532 shares of the conglomerate’s stock valued at $865,506,000 after buying an additional 3,700,786 shares during the last quarter. Bank of Nova Scotia increased its position in Honeywell International by 171.8% during the 2nd quarter. Bank of Nova Scotia now owns 806,053 shares of the conglomerate’s stock worth $187,713,000 after buying an additional 509,456 shares during the period. Holocene Advisors LP acquired a new stake in Honeywell International during the second quarter worth about $93,152,000. SG Americas Securities LLC lifted its holdings in shares of Honeywell International by 357.2% during the 2nd quarter. SG Americas Securities LLC now owns 275,160 shares of the conglomerate’s stock worth $64,079,000 after acquiring an additional 382,152 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Honeywell International by 88.1% in the 2nd quarter. Marshall Wace LLP now owns 802,060 shares of the conglomerate’s stock valued at $186,784,000 after purchasing an additional 375,757 shares in the last quarter. 75.91% of the stock is currently owned by institutional investors and hedge funds.

Honeywell International Price Performance

HON opened at $241.38 on Tuesday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.32 and a quick ratio of 1.05. Honeywell International Inc. has a 1 year low of $169.21 and a 1 year high of $245.63. The stock’s 50 day simple moving average is $212.69 and its 200 day simple moving average is $209.29. The firm has a market cap of $153.25 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.50 and a beta of 0.94.

Honeywell International (NASDAQ:HON) last released its quarterly earnings data on Thursday, January 29th. The conglomerate reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.05. The business had revenue of $10.07 billion during the quarter, compared to analysts’ expectations of $9.60 billion. Honeywell International had a return on equity of 40.40% and a net margin of 12.74%.The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $2.47 EPS. As a group, analysts predict that Honeywell International Inc. will post 10.34 earnings per share for the current year.

Honeywell International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a $1.19 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $4.76 annualized dividend and a yield of 2.0%. Honeywell International’s dividend payout ratio is 59.57%.

Insiders Place Their Bets

In other news, VP Robert D. Mailloux sold 10,549 shares of the business’s stock in a transaction that occurred on Friday, January 30th. The shares were sold at an average price of $229.00, for a total transaction of $2,415,721.00. Following the completion of the transaction, the vice president directly owned 4,803 shares of the company’s stock, valued at $1,099,887. The trade was a 68.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.41% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HON shares. DZ Bank cut their price objective on Honeywell International from $248.00 to $237.00 in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Honeywell International in a research note on Monday, December 29th. Robert W. Baird increased their target price on Honeywell International from $220.00 to $240.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Royal Bank Of Canada boosted their price objective on Honeywell International from $249.00 to $268.00 and gave the stock an “outperform” rating in a report on Friday, January 30th. Finally, Daiwa Securities Group increased their target price on shares of Honeywell International from $230.00 to $240.00 in a report on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $244.50.

About Honeywell International

Honeywell International Inc is a diversified, publicly traded multinational conglomerate (NASDAQ: HON) that designs and manufactures a wide range of commercial and consumer products, engineering services and aerospace systems. The company operates through major business platforms that historically include Aerospace; Building Technologies; Performance Materials and Technologies; and Safety and Productivity Solutions. Its portfolio spans avionics and propulsion systems, building controls and HVAC equipment, process technologies and advanced materials, industrial automation software, and personal protective equipment and scanning solutions.

Honeywell’s aerospace business supplies aircraft manufacturers and operators with engines and auxiliary power units, avionics, flight safety systems and aftermarket services.